![]() By the end of 2020, the average hotel occupancy rate fell to 33- 36%. With uncertainty and no clear indication of the resumption of normal days, investors of hotel stocks were also worried as to how the business will bounce back. Shares of some of the leading names fell by 50% in the days after the announcement of the nationwide lockdown. With travel restrictions in place, demand fell sharply and hotel stocks took a beating at the peak of the pandemic. Impact of Covid-19 on Hotel Stocksīeing a contact-intensive sector, the hotel industry was among the most severely hit because of the pandemic. In addition to the above-mentioned list, companies like Byke Hospitality, Oriental Hotels, Mahindra Holidays and Resorts India are also among the key hotel stocks. ![]() Investors looking at best hotel stocks 2023 must take a look at the expansion plans. Once its current pipeline of projects gets operationalised by 2024-25, the company’s portfolio will expand to include 124 hotels across 79 destinations. It operates 87 hotels in 53 destinations. This company could be part of your top hotel stocks list as it is among India’s largest hotel chains. It is also adding capacity, and hence could be a long-term bet among those looking at hotel stocks to buy. It runs seven fully operational hotels, including JW Marriott Mumbai Sahar. This company is an owner, developer, asset manager and operator of high-end hotels and a hotel led mixed-use developer in key metro cities of India. It operates a chain of 33 hotels and resorts across 15 plus locations with a total fleet of over 4,900 rooms. It is the flagship company of the Oberoi Group, among the largest luxury hotels chain in India. This company could be your best hotel stock 2023. The company is working on Ahvaan 2025, a three-pronged strategy to grow profitably in the coming years. Being the market leader in the hotel industry, investors often come across this name while selecting the best hotel stocks. Part of India’s leading business house Tata Group, this company owns iconic brands of hotels, including the Taj. Best Hotel Stocks in India Indian Hotels Company Ltd India’s G20 presidency is among the catalyst for growth of best hotel stocks 2023. With ample growth opportunities, investors can scan and pick top hotel stocks for a long term. The industry’s occupancy has reached pre-Covid level of around 65%.Īccording to the Ministry of Tourism, the sector's contribution to the GDP is expected to grow to $250 billion by FY30. Occupancies are expected to remain strong while average room rates are seen higher, leading to a rise in revenue per available room (RevPAR). ![]() In addition, the margins of hotel companies are improving as demand is outpacing supply. Experts are of the view that rising discretionary spending on travel and improving economic scenario is expected to fuel demand further, providing upside to hotel stocks. But the industry bounced back as the ban on travel was lifted and people started travelling for work going to their favourite destinations for vacation. Hotel stocks had taken a beating during the pandemic as lockdowns and travel restrictions led to a fall in demand. Hotel stocks are expected to be key beneficiaries of such initiatives. Harnessing the momentum, the government has launched “Visit India 2023”. This is expected to go further with growth in both domestic tourists as well as foreign national arrivals. But as the restrictions lifted and the economy opened up, hotel stocks started trending higher because demand rebounded. Three years ago in March 2020, when India, just like the rest of the world, imposed a nationwide lockdown to curb the spread of COVID-19 infections, the tourism industry was among the worst hit.
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